Compensation Assistant

3 weeks ago

London, United Kingdom Liberty Specialty Markets Full time

**General information**:
**City**:London, UK

**Country**:United Kingdom of Great Britain and Northern Ireland

**Creation Date**:29-Apr-2024

**Closing Date**:10-May-2024

**Employment Type**:Fixed term contract

**Employment Type**:Full time

**Ref #**:1234570900

**Description & Requirements**:
**Role Title: Compensation Assistant**

**Department: Human Resources**

**Team: Reward**

**Location: London**

**Type: Fixed Term Contract (12 Months)**

**About the Role**:
This role supports the Reward team and wider HR department on Compensation initiatives and general HR analytics.

**About the Department & Team**:
The LSM Reward team is responsible for creating, managing and implementing compensation policies and programmes, and ensuring that LSM’s legal entities remain compliant with legal and regulatory requirements. The team focuses day-to-day predominantly on LSM’s employees in the UK, continental Europe and the UAE, with additional focus on the USA, Latin America and Asia Pacific for certain activities.

**Key Responsibilities**:

- Owning the compensation benchmarking process and related tools
- Recommending compensation packages for recruitment activity, adhering to the framework and operational principles in place
- Maintaining the job library and all associated data stored in the HR systems, ensuring robust data quality
- Managing the shared team mailbox, responding to a broad range of queries covering all elements of compensation
- Provide analytical and reporting support for annual projects such as the annual pay review, performance management process and diversity analysis, as well as ad-hoc Compensation and HR projects, tools and initiatives
- Developing strong working relationships with HR Business Partners, Operations, Payroll & Reward Team to work effectively and collaboratively together as a HR function, on all compensation related matters
- Adherence to all relevant regulatory requirements forms part of your role, and the demonstration of behaviours as set out in the Conduct Risk Policy, as they relate to your role, is core to LSM's commitment to our Liberty Values, placing customers at the centre of our business and behaving with integrity. LSM expects you to understand your responsibilities relating to all regulatory and internal requirements, and to proactively demonstrate compliance with these requirements and behaviours at all times. These requirements include the Senior Managers and Certification Regime Conduct Rules ,Solvency II, fair treatment of customers, Financial Crime, Data Protection, Conflicts of Interest, and Whistleblowing.

**Skills and Experience**:

- An individual who is analytical, numerate and results focused
- Prior experience working within a HR department, preferably on Reward activities and an understanding of reward and compensation principles.
- Strong problem solving skills that can be applied to large and complex data sets from a variety of sources
- Intermediate/advanced Excel skills
- Exceptional attention to detail
- Excellent communication skills
- System and reporting experience
- Strong time management and organisation skills are essential
- Ability to work flexibly and able to navigate a fast paced and client focused working environment

**About Liberty Specialty Markets (LSM)**

Liberty Specialty Markets is part of Global Risk Solutions and the broader Liberty Mutual Insurance Group, which is a leading global insurer. We offer a breadth of world-class insurance and reinsurance services to brokers and insureds in all major markets.

Our people are key to our success. That is why "Put People First" is one of the five Liberty values which unite us as a global organisation. We bring this to life for our colleagues through:

- Offering a vibrant and inclusive environment and committing to their career development.
- Promoting diversity, equity and inclusion (DEI). Our Inclusion Matters framework and employee-led networks strengthen the diversity of our workforce and our inclusive environment.
- Reinforcing that collaborating together to share our unique perspectives help us make better decisions, deliver innovative solutions and pursue our ambitious goals.
- A supportive culture, which includes promoting a healthy work-life balance and working flexibly.

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